Moffat County clinches Rural Jump-Start designation to aid economic development
March 17, 2017
Craig — Moffat County was officially crowned a Rural Jump-Start community Thursday by the Colorado Economic Development Commission.
The Rural Jump-Start program was launched by the Colorado legislature in 2015. It provides tax incentives to new businesses that locate into economically distressed counties of less than 250,000, according to a press release from Colorado Northwestern Community College and Craig/Moffat Economic Development Partnership.
“This program allows us to offer an attractive package to eligible businesses in a competitive environment. CMEDP is actively seeking eligible new and growing businesses to participate in this exciting opportunity,” said CMEDP Executive Director Michelle Balleck.
CNCC officially applied for the program March 1 on the heels of approval by both Craig City Council and Moffat County Commissioners to offer the tax relief outlined within the program. The college serves as a sponsoring institution of higher education for the county.
"CNCC is proud to be a program partner and continued economic driver for business development in Moffat County and Northwestern Colorado," said Janell Oberlander, vice president of the Craig Campus, in the release.
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The next step is business recruitment. To qualify, businesses must be either a startup or based out of state, and they must not directly compete with any other business currently operating within Colorado. Existing businesses can also create a new division that meets the provisions of the program.
"There are two businesses that are considering growth opportunities within the community, and that's really exciting," Balleck said.